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Are stores passé in the era of online shopping?

All owners of retail property have a fundamental and serious question to answer: what is the point of shops? Do we really need to visit them any more?

Investors have been fretting about the value of bricks-and-mortar retail property for some time. The share price of Hammerson, the UK’s largest listed landlord of shopping centres, has long traded below the value of its real estate portfolio.

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